Category Archives: Industries

Shareholders give nod to Nestle’s N21.8b final dividend


For increasing shareholders value on investment through robust dividend payout and adherence to corporate governance principles, shareholders’ of Nestle Plc, yesterday commended the company’s board

Leadway Assurance pays N27bn claims


Leadway Assurance Company Limited said its claims expenses rose by 19 per cent to N27bn in the 2017 financial period from N23bn in 2016. The

States to determine oil subsidy payment, say 60m litres consumption unrealistic


Governors of the 36 states of the federation want states authorities rather than the Nigerian National Petroleum Corporation (NNPC) to determine how much is paid

Air Peace blacklists violent passenger from flying


Air Peace Airlines yesterday said it has blacklisted a passenger who flew into a rage and destroyed its check-in system at the General Aviation Terminal

Oil price hits $80 per barrel, highest since 2014

FG opens online portal for investors

Despite the huge N500 billion mark up on the Federal Government’s expenditure outlay in the 2018 Appropriation Bill as passed by the National Assembly earlier

SON, CPC, others canvass proper regulation for eCommerce


For a more robust and efficient electronic commerce (eCommerce) sub-sector, a regulatory framework is seriously desired, according to the Standard Organisation of Nigeria (SON), Consumer

Economy remains fragile despite productivity, growth indices – LCCI


Despite rise in growth and productivity indices, the Lagos Chamber of Commerce and Industry (LCCI) has stated that the economy remains fragile going by recurring

MTN’s new campaign restates commitment to Nigerian businesses


MTN has formally re-launched its new thematic campaign, ‘ManIntheBox’ aimed at restating its commitment to Nigeria businesses. Through the campaign, MTN hopes to raise public

Shell, Eni trial on Nigeria corruption re-adjourned to June


The trial of top executives from two oil majors, Eni and Shell, over alleged corruption in Nigeria started on Monday with a brief procedural hearing

Excess crude account swells as oil price leaps towards $80


Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the international market which saw the price leap to

Shell supports 290 local contractors with N472bn loans

About 290 local contractors have received loans worth more than N470 billion under the Shell Contractor Support Fund set up by Shell Companies in Nigeria

NNPC issues two-year crude lifting contracts to traders


The Nigerian National Petroleum Corporation has issued crude export contracts that are expected to last two years instead of the usual one year, according to

PTML, freight forwarders at war over port access fee


Freight forwarders are threatening to shut down the ports if the Ports and Terminal Multipurpose Limited (PTML) continues to collect port access fees from them.

Gas supply to power sector rises by 89%

Gas sector

The Nigerian National Petroleum Corporation has announced that it has increased the supply of gas to the power sector by 88.89 per cent. According to